2. • Ad valorem tariff based on a percentage of the value of the load.
• Adulteration: Derivatives adultery, gives meaning deductible. Change or intentional modification of the content
or form of a document or product.
• Advance purchase: This operation is a form of compensation trade and specifically a variant of operations called
counter purchase.
• Advising bank: The Bank correspondent of the issuing bank in the exporter's country. Only it undertakes to
inform the beneficiary of the opening of credit.
• Ageing: load operation that includes the handling of goods to the means of transport.
• Agent: a natural or legal person whose name comes showed the merchandise or that acquires by endorsement.
• Agent: Applies as noun and adjective worship or scientific work or what has the capacity to act.
• Air shipment knowledge: Document airfreight consignment completed by the consignor or on its behalf. AWB.
Title to the goods.
3. • All-in: All inclusive (Freight-gasoline)
• Amount offered: quantity of a good that sellers are willing and able to sell at a certain price.
• Antidumping: The manufacturer sells abroad at prices below the national performing the dumping.
• Arbitration: Buying a well in a market to sell in another, taking advantage of differences in prices.
Commonly it applied to forex trading and other financial assets.
• Arrived Ship: Arrival of ship arrival of the MV
• Authorized private customs warehouse: Local storage of goods destined wholly owned by the depositary.
• Authorized public customs warehouse: Local for the storage of goods of different depositors.
• Average cost: cost divided by the quantity of production. It can be applied to the total cost (Total Cost
Medium), variable cost (AVC) or the fixed cost (AFC).
• Average: Fault
• AWB (airway bill): air waybill. Bill of lading for air.
4. • B / L Bearer (To the bearer): The holder of the document is the owner of the goods.
• B / L House: When the BL issuing a transient. It is a non-negotiable document, which gives rights to the goods.
• B / L Names: They are made out to a particular person, you can take charge of the goods prior identification and
presentation of one of the original BL. Not allowed endorsement.
• B /L The order (To the Order): When a B / L is to order, the owner of the goods (the holder BL), can convert:
nominative (by endorsement).
• B.A.F gas: any substance has the ability to burn in the presence of an oxidizer (oxygen in mostcases) by
applying an activation energy, which may be a spark.
• B.R.S: sure you recover petrol
• Babor: Left side of the vessel
• Bacchus: Barge Container Carrier. Vessel
5. • Back to back: When the beneficiary of the credit is not the end supplier of goods and credit received is not
transferable, the exporter can ask your bank to issue a new letter of credit backed by the first loan received.
• BAF (bunker adjustment factor): Fuel Adjustment Factor. Influences the calculation of freight.
• Bank acceptor: Similar to the paying bank, but in this case, accepts an effect at maturity rather than pay or
undertake to pay.
• Bank transfer: extended by a bank to another bank payable to a third party check.
• Beneficiary: person to whom credit is issued and may require payment to the issuing bank or the payer once it
has fulfilled the terms of credit. It is the exporter.
• Bill of lading (B / L) Cargo Manifest or Bill of Lading equivalent to the Charter of Portes in land; airway is
AWB. It is a given shipper for goods delivered receipt.
• Booking: Booking
• Bow: Front of ship
• Break Bulk Cargo: Break bulk cargo or general.
6. • Break Bulk: Loose cargo non-containerized
• Broker: Agent broker financial transactions.
• Budget constraint: Shows all those combinations of goods that can be purchased given the
consumer's income and prices for those goods.
• Bulk Cargo: Bulk Cargo
• Bulk Carrier: Bulk - Boat dedicated to transport dry cargo.
• Bull: Document and device imperative.
7. • Cabotage: Transport maritime cargo from port to port in the same country.
• CAG: Cash on goods.
• Calado: Waterline ship
• Carrier: Carrier
• Certificate of analysis: A document that certifies that the nature, composition, grade, etc. Merchandise
corresponds to the contracted quality.
• Certificate of insurance: A document proving that the insurance has hired a particular shipment.
• Certificate of origin form a: It's an import document. Shows the preferential treatment granted to developing
countries.
• Certificate of origin: A document that identifies the goods and expressly issued where the goods are
manufactured.
8. • Certificate of pre-shipment: Certificate stating that the goods have been examined and found to comply with
the aforementioned in a contract or proforma.
• Certificate of weight: It is a document which confirms the weight of the goods (net and gross) package by
package.
• Ceteris paribus: Latin term meaning "everything else remaining constant." In economics we use it to mean that
all third variables that could influence our interest variables remain constant.
• CFR: Incoterm. Cost and Freight.
• CFS: Container Freight Station. Container Freight Station.
• Charter - Party: Contract by which a ship is leased
• Charterer: Fleteador- person renting the boat by a charter-party.
• CIF: Incoterm. Cost, Insurance and Freight.
• CIP: Incoterm. Freight and insurance paid.
• Collect surcharge: Surcharge at destination freight charge.
• Commodity: commodity whose price is set by international supply and demand. Usually they are raw materials
such as agricultural and mining products.
9. • Common external tariff: Early stage in the process of trade integration between certain group of
countries for which a uniform tariff protection contemplated for production in these countries.
• Consolidation: System issuing various packages of different shippers under comúún agent to a
destination. Also "bulking".
• Consolided charge: Group of merchandise belonging to several consignees, reunited to be transported
in similar containers}
• CPT: Incoterm. Freight paid up.
• CTBL: Combined Transport Bill of Lading. Multimodal transport document.
• Customs clearance / shipping permit: Compliance with the customs formalities for import and export
goods or subjecting them to other operations or customs regimes destinations.
• Customs value: To calculate customs duties to be applied, Customs defines the customs value, that is
the goods plus all costs (insurance, transportation, etc.) that have occurred until clear customs.
• Customs: responsible application of customs legislation and control of the collection of customs duties
and other taxes Agency.
• CY: Container Yard. Container Store.
10. • DAF: Incoterm. Frontier
• Damage: Damage - Averia
• DDP: Incoterm. Delivered Duty Paid.
• DDU: Incoterm. Delivered without paying royalties.
• Deadweight loss: Reduced total surplus caused by a tax or other market distortion.
• Declaration of goods: Act made in the prescribed manner by which the customs procedure to be
applied is indicated.
• Demurrage: Fine the importer when it exceeds the agreed terms for the use of container.
• Deposit: Set of things placed or stored in a place to dispose of them in the necessary, or until you
perform some operation time with them.
• Dockage: wharfage
• Drayage: Resetting the container factory
• Dunnage: Dunnage // Used to export the Ecuador because there require that certified wood
11. • E.F.A : Set emergency gasoline
• Emergency: E.B.S sure to gasoline
• Export: Customs procedure that allows the legal output of
goods and services of domestic origin.
12. • F.C.L: Container full
• Full container load: Full Container Load. It is including stevedoring costs.
• Feeders: Small vessels that feed large ships
• FOB: Incoterm. Free on Board.
• Forecast: Flow inventory information
• Forescat: Provision as sales
• Free zone: A national enclave created by the competent authorities of each State to
consider that there are goods as if they were not in national territory for the application
of customs duties, restrictions and other charges.
• Freight: The responsible for organizing the export or import of the load side. View
International Freight.
13. • G.F.S: Insurance general emergency
• G.R.I: Seasonal tariff increase
• G.R.R: Restructuring rates
• General Average: (General Fault) The parts of a company of the sea should
proportionally share the losses resulting from an emergency.
• Handling: Collection for Management
14. • I.S.P.S: Insurance Fuel Surcharge
• I.S.S: Insurance companies to port
• IMO: Dangerous Cargo
• Import: customs procedure allowing legal entry for consumption of a good or service of foreign
origin.
• Imports for consumption: Free disposition of goods nationalized compliance with the relevant legal
provisions.
• In Bonus: Small deposits of merchandise under the power of the office.
• Inland: Internal Ground transportation in a country.
• Intended port: Puerto expected
• International freight: Also "carrier". Which it makes and receives shipments, consolidated and
deconsolidated load and acts as operator of multimodal transport.
• Invoice: Commercial Invoice
• Issuing bank: Bank chosen by the importer. Manufactures and performs the opening of credit. Pay the
credit if the conditions therein are fulfilled. It is the importer's bank.
15. • Lead Time: Lead Time
• Lease (leasing): rental of physical goods, especially capital goods, they do some financial
institutions and give the purchase option by capitalizing rental fees paid.
• Liner term: terms of line / how you will pay the freight
• Long term: long enough period of time where all factors can be considered variables.
• Loose cargo L.C.L
• Lumpsum: Freight all inclusive
• Luxury good: Those who have income elasticity and very high price elasticity.
16. • Manifesto: The loading list of a boat.
• Maritime Agent: The person who represents the shipowner ground for all purposes
related to the ship.
• Moor: Moor
• Mothers ships: Nodrizas: Download at bay, leaving the burden on the sea and are
collected by tugs, light load.
17. • National merchandise: The produced or manufactured in the country with national or
nationalized raw materials.
• Negotiating bank: Purchase (deduct) effect to the exporter. Although the sole payment
be deferred, the exporter comes into view (with or without interest).
• Normal good: Well the quantity demanded increases when there is an increase in
consumer income, keeping everything else constant. Your income elasticity is positive.
• Notice of issuance: The document informs the sender that the nominee indicated on the
delivery order has been carried out shipping goods.
• Over Weight. Overweight
• Owner: The natural or legal person, whether or not the owner of the ship, the rigging
(enlist the ship), equips (supply, provisioning) and issues its own name and at their own
risk, perceived utilities that produce and It supports all responsibilities that affect it.
18. • P.C.S: Surcharge crossing Panama Canal
• P.S.S: Peak Season / fuel surcharge
• Packaging: Is the material or container intended to wrap and protect a product from leaving
production line until it reaches the consumer.
• Payload: Load profitable
• Popa: Backside of ship
• Profit: Profit
• Provisioning: Supplying a ship of the primary needs (Food - Hygiene)
• Roll on roll off: Vessels for ro-ro transport.
19. • Sample: That merchandise is intended only to show their characteristics and has
no commercial value in itself.
• Shipper Own: Importer container owner
• Shipping: Cost of transporting the goods. (Freight).
• Slora: largor ship
• Starboard side to: Right side of the vessel
• Stowing: All stevedoring
• Stripping: Emptying / unpickling
• Stuffing: Filling the container
20. • Taken in charge: it Indicates that the goods have been taken to load.
• Tariff quota: For a period, exports or imports are not taxed by tariffs.
• Tariff: Tax paid by the importer to bring products to market. See Customs Duties.
• Temporary admission: Entrance to the country for a certain period of goods with partial or full
tax exemption under conditions to be re-exported.
• THC: Recharges in port
• Thirst: Thirst documents
• Trade clearing: Agreement between two countries to settle their trade by compensating for
certain goods.
21. • Warranty: Obligation that contracts to the satisfaction of customs, in order to
ensure payment of customs duties and other taxes or other obligations acquired
with it.
